I must have misjudged it $SPCX —last night’s surge almost killed my position!!!
Before the CPI data was released, I thought the rebound strength wasn’t all that great, so that’s why I set up the SPCX short strategy. Luckily, my decisive call made my followers stop out around the cost basis—otherwise SPCX really could have pushed us into the stratosphere 😂😂
Now can SPCX still be bullish? Don’t rush—let me break it down for you.
For my intraday plan with SPCX, I’m thinking of going short. The reason is simple: the original shares that were unchained will keep being sold off, and the earlier rise was too big—there are plenty of profit-takers, and therefore more capital exiting. The project is burning cash so aggressively that the market is questioning whether the returns can even break even. Yesterday the price rose on data, but there was no data influence today. The price is also still high now—chasing at these levels is extremely risky. So shorting at high levels has a much better risk-reward. However, I predict that when the US market opens, there might be a small rebound. You can wait until that rebound is over, and then choose to set up your short.
P.S.: The current price is 146 dollars.
That’s my take on SPCX for the intraday. My ideas are for your reference only. If you want to set up a real-time, precise strategy, come join my chat group and let’s discuss it together!!!
#美国7月CPI与PPI数据本周出炉 #狗狗币日内涨近3%领涨主流币 #美国7月CPI放缓强化美联储暂停加息预期 $SNDK $SKHY
Before the CPI data was released, I thought the rebound strength wasn’t all that great, so that’s why I set up the SPCX short strategy. Luckily, my decisive call made my followers stop out around the cost basis—otherwise SPCX really could have pushed us into the stratosphere 😂😂
Now can SPCX still be bullish? Don’t rush—let me break it down for you.
For my intraday plan with SPCX, I’m thinking of going short. The reason is simple: the original shares that were unchained will keep being sold off, and the earlier rise was too big—there are plenty of profit-takers, and therefore more capital exiting. The project is burning cash so aggressively that the market is questioning whether the returns can even break even. Yesterday the price rose on data, but there was no data influence today. The price is also still high now—chasing at these levels is extremely risky. So shorting at high levels has a much better risk-reward. However, I predict that when the US market opens, there might be a small rebound. You can wait until that rebound is over, and then choose to set up your short.
P.S.: The current price is 146 dollars.
That’s my take on SPCX for the intraday. My ideas are for your reference only. If you want to set up a real-time, precise strategy, come join my chat group and let’s discuss it together!!!
#美国7月CPI与PPI数据本周出炉 #狗狗币日内涨近3%领涨主流币 #美国7月CPI放缓强化美联储暂停加息预期 $SNDK $SKHY
